Just a quick chat— a friend just messaged me: $PONS , down 2.83% in 15 minutes. They asked if it was a good time to buy.
I replied: I can’t say where the bottom is, but I do know that jumping in right after a sharp drop often means catching it halfway down. I usually wait for the candlesticks to stabilize and trading volume to dry up before taking another look.
Current price: 0.3954, 24h: -3.09%. What would you say?
#PONS
Personal observations only; not financial advice.
I replied: I can’t say where the bottom is, but I do know that jumping in right after a sharp drop often means catching it halfway down. I usually wait for the candlesticks to stabilize and trading volume to dry up before taking another look.
Current price: 0.3954, 24h: -3.09%. What would you say?
#PONS
Personal observations only; not financial advice.